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#1 Selling Amibroker Plugin featuring:
Twiggs money flow weekly for Amibroker (AFL)
I added the weekly time frame to the code byStock_Alchemist Rayloom [at] yahoo.com
This weekly time frame can be drop&drag onto the Twiggs Money Flow in the daily time frame
Twiggs Money Flow is a derivation of Chaikin Money Flow indicator, which is in turn derived from the Accumulation Distribution line. However, Twiggs Money Flow makes two basic improvements to the Chaikin Money Flow formula:
1-To solve the problem with gaps, Twiggs Money Flow uses true range, rather than daily Highs minus Lows.
2-And, rather than a simple-moving-average-type formula, Twiggs Money Flow applies exponential smoothing, using the method employed by Welles Wilder for many of his indicators.
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Indicator / Formula
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 | /* I added the weekly time frame to the code byStock_Alchemist Rayloom [at]yahoo.comThis weekly time frame can be drop&drag onto the Twiggs Money Flow in the dailytime frame. The values appear to be rightbut I have not been able to get rid of the step look.Twiggs Money Flow is a derivation of Chaikin Money Flow indicator, which is inturn derived from the Accumulation Distribution line. However, Twiggs Money Flow makes two basic improvements to the Chaikin MoneyFlow formula:1-To solve the problem with gaps, Twiggs Money Flow uses true range, ratherthan daily Highs minus Lows. 2-And, rather than a simple-moving-average-type formula, Twiggs Money Flowapplies exponential smoothing, using the method employed by Welles Wilder formany of his indicators. */TimeFrameSet( inWeekly );periods = Param( "Periods", 20, 5, 200, 1 );TRH=Max(Ref(C,-1),H);TRL=Min(Ref(C,-1),L);TR=TRH-TRL; ADV=V*((C-TRL)-(TRH-C))/ IIf(TR==0,9999999,TR);WV=V+(Ref(V,-1)*0);SmV= Wilders(WV,periods);SmA= Wilders(ADV,periods);TMF= IIf(SmV==0,0,SmA/SmV);TimeFrameRestore(); Plot(TimeFrameExpand( tmf, inWeekly,expandLast), "TMF", ParamColor( "TMF color", colorCycle ) ,ParamStyle("Style",styleLine,maskAll),Null,Null,0 );Plot(0,"Centre Line",ParamColor( "Centre Line Color", colorCycle ),1 ); |
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